React Energy Share Discussion Threads

[colp54] 27/1/2014 12:00

ryan, was the status of Newry one of your email questions?

[ryan83] 27/1/2014 11:49

just looked at the trades list and

£4.1k def sells

£1.3k def buys

£4.4k one off trade at 29.5p - i guess must be a sell?

So either
£4.1k sells / £5.7k buys = net £1.6k buys
or (most likely)
£8.5k selss / £1.3k buys = net £7.2k sells

and market cap from £7.4m to 6.6m = reduction in £0.8m lol.

So illiquid (which yes we knew!)

[ryan83] 27/1/2014 11:33

Not me 29h - although I wish it was now lol

[buyn0w] 27/1/2014 10:42

15k buy @29.5..

[29howard] 27/1/2014 10:33

Whichever one of you here who sold the 25k at 33p last week has had a touch now
it's impossible to sell these.

[buyn0w] 27/1/2014 10:33

Top up time.

[colp54] 27/1/2014 10:25

The November update advises they've been selling electricity to the grid, although it clearly doesn't say how much. It sounds like it's taken a while to get the plant tuned up and ready to add P2.I suspect they've learnt quite a bit from Newry, which they will hopefully be able to apply to Enfield. I guess there's a bit more to these log burners than meets the eye.

[allrise] 27/1/2014 10:10

My understanding is that Phase 1 is not yet providing income - that it's all been about getting it working properly. I would imagine that is why there has been such a very big delay in getting the sanction of the funds drawdown for phase 2. These updates need to be much clearer. Tell us exactly where Phase 1 is in terms of providing revenue, and exactly when they expect phase 2 to be online and providing revenue.

[troutisout] 27/1/2014 09:56

colp54,
I too have just read back through RNSs and saw that, it was one back in July that seemed to state it would be up and producing by end 2013.

There are always going to be delays and especially when arranging finance is involved, just wasn't sure how long until they can get it up and running (the timescale in the July RNS seems to infer a matter of months) and if that is the case that will be great.

Trout.

[colp54] 27/1/2014 09:48

It does feel like a delay but having re-read the 29 Nov RNS I think today's update is consistent with the details they provided at that time. I suspect P3 may be some way off though!

[ryan83] 27/1/2014 09:41

Yep appears a delay for second phase Newry and no mention of time scales but confirmation of funding which is good. Would be nice to know if Newry is operating at 2MW capacity as from previous RNS's it says they are exporting to the national grid.

I expect Enfield financial close very soon also. GL

[troutisout] 27/1/2014 09:27

Do we actually know how long phase 2 will take to construct and get online? This is definitely a delay from previous timelines, but seems to be in the signing off of financing. The company does need some of it's assets online and producing revenues and phase 2 Newry was meant to be doing that.

Trout.

[colp54] 27/1/2014 09:20

Yep, good news as getting funding from an irish bank at the moment probably isn't that easy. It also sounds like Newry has been a bit of a learning curve, which isn't a bad thing. Also good that they didn't do the usual thing of providing a general update on all the other projects. As hopefully that means there's Enfield specific news to come shortly/soon/imminently etc. Alternatively, it may just mean they thought they'd better say something about something...

[ryan83] 27/1/2014 09:09

I'm just holding no selling from me :-)

[29howard] 27/1/2014 08:30

Very good update, if that was CCE there would be buyers all over it so surprised
at the lack of action and people selling on that news.

[buyn0w] 27/1/2014 08:16

29howard   21 Jan'14 - 21:09 - 156 of 221   0 1

BUYNOW

Click on your posting history and you post news is coming every other post
on whatever stock you are ramping instant filter.

BUYN0W   21 Jan'14 - 21:21 - 157 of 221   0 0  edit

Is not news due here end of this month??



lol

[buyn0w] 27/1/2014 08:07

Great news. Plenty more due.

[ryan83] 27/1/2014 07:04

Haha! News!

[ryan83] 26/1/2014 21:19

well email has been sent over the weekend so lets see eh.

[ryan83] 24/1/2014 13:10

Well, in the off chance my email gets to the 'right person' is there any thing you would like me to include? They will surely reply to one of the emails!

[colp54] 24/1/2014 11:20

Nope, still nothing back, but my 'what's going on?' questions were forwarded to the REAC, although no idea who the addressee was.

[ryan83] 24/1/2014 11:16

Yes colp - i chased Janine and someone else replied from AB. The email back had a different tone - seemed willing to help! Said they would put me in direct contact. Did you get the same?

[colp54] 24/1/2014 11:14

Hi ryanIs your new contact via Janine?